What's reason behind tron's price hike?

javainn

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

the increase in crypto tron I think is reasonable because right now the tron is in a good position and the supply and demand of the tron might be a major factor in the increase in the tron, so if the increase is only 2-3% it might still be reasonable not surprising.

adamlillian

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

2% is not a big number for the crypto market. This growth was only due to the increase in Bitcoin so TRX increased, just like the normal rule and this is nothing to say.
it is worth saying that the CEO of TRON is trying to make a joke when he repeatedly reminds of his meetings with Warren Buffett even though he cannot do it.
TRX was supposed to get a big discount because the CEO was dishonest. I don't appreciate TRON for having a bad CEO.

sweetbet

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Justin probably made an announcement about an upcoming announcement

He does that a LOT !

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Quote from: icalical on September 18, 2019, 06:07:33 AM

Well, of course, it's because of Bitcoin. Let's be honest that Tron is just many other altcoins, not yet independent, it still depends on Bitcoin price. And if we saw the development of Tron market cap is not that good compared to many other top tier altcoins. I didn't say that Tron is not a good project, it's just in today's market, Bitcoin still takes the initiative and affect almost all altcoins.

TRON not being a good coin, I don't think so, it's still a threat to some altcoins in the market that is higher that its rank.
I'm continuously watching this coin, last time I remember it was in the top 10 but now down to top 20, but despite of that, I know TRON will still recover because it has a great support from its community.

We can look at its volume as a basis, it's current rank at no. 7 in the market. (https://coinmarketcap.com/currencies/tron/)
And... good thing today it has 9% increase when the altcoins market is in green.

icalical

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Well, of course, it's because of Bitcoin. Let's be honest that Tron is just many other altcoins, not yet independent, it still depends on Bitcoin price. And if we saw the development of Tron market cap is not that good compared to many other top tier altcoins. I didn't say that Tron is not a good project, it's just in today's market, Bitcoin still takes the initiative and affect almost all altcoins.

btc78

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Quote from: passwordnow on August 06, 2019, 04:12:03 AM

Let's stop that remarkable reaction whenever your favorite altcoin increases. 2% of increase isn't that remarkable with the current status of the market.
Bitcoin is soaring high and this should contribute to the increase of Tron. I'm not looking for any more reason about its rise but I'd say that this is a normal price hike.
It's a normal rotation and market flow for the price.

Agreed on this mate,this is the problem about the holders reaction anytime their coins increased with this small amounts they think that it can bring them more profit but in the end turns out just a corrections and the next day will fall again

TRON is a good coin but I think this is younger enough to expect high increase .

Today TRON has a 7% growth and good to see it ways but never expect big for the not to fail high

Jating

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Quote from: WalkerIVIV on September 13, 2019, 07:07:58 PM

Quote from: ?? on ??

There's no reason now since the Tron is now dumped and not hiking for a quite period of time, the Justin Sun magic has no effect now and his actions and all advertisements has nothing to do with its price now.

You call justin sun's magic but that guy is always talking a crap. rather than focusing on the development and research of tron and justin always waste a lot of his money for nothing.
People take their consideration from tron caused by investors need utility usage and they don't need garbage advertisement that wasted millions of dollars.
Tron needs to restructure its company and justin is not suitable becomes CEO again.

Lol, Justin Sun is a shilling God, however, I wouldn't say that he is wasting money for nothing, we don't know what's going on from behind so you can't blame him for throwing money around because he has a ton to behind with.

Yes, it needs some upgrade though, for a coin to be really successful in this game, they need to evolved, specially in this bear market, wherein no one is making money. Tron for example is still down 93% from it's previous high and it might spike a bit, but after that, it's all sideways.

WalkerIVIV

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Quote from: ?? on ??

There's no reason now since the Tron is now dumped and not hiking for a quite period of time, the Justin Sun magic has no effect now and his actions and all advertisements has nothing to do with its price now.

You call justin sun's magic but that guy is always talking a crap. rather than focusing on the development and research of tron and justin always waste a lot of his money for nothing.
People take their consideration from tron caused by investors need utility usage and they don't need garbage advertisement that wasted millions of dollars.
Tron needs to restructure its company and justin is not suitable becomes CEO again.

barbara44

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Quote from: ?? on ??

There's no reason now since the Tron is now dumped and not hiking for a quite period of time, the Justin Sun magic has no effect now and his actions and all advertisements has nothing to do with its price now.

Mind you that it is not only Tron that is being affected presently, most so called top coins too are also in the same shoe that Tron is, the only difference is juts that they have been in the market for long, see what Monero dumped to, see what Ethereum dumped to, and mentioned many great projects, look at their prices and look at what has become of those coins’ value now, so don’t judge Tron based on the dumpling , but look at the future when the market of altcoins eventually recovers, because Tron would be among those projects that would really see a great increase when the market starts pumping again. They did not just come to market empty handed; they have 2 solid products that would pave way for an increase for them in future.

bitcoinposts

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Tron development announcements are reason but for tron price hike as per their time tron have serious development activities we can expect three times price hike

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Apparently, 888 like what you've said is a coin with potential but about TRONscratch, i don't think so... the dev could not even add that token into an exchange, if you go at their telegram channel and ask something with regartd to exchanges, you will be restricted or banned, TRONscratch is a trash and we'll see that later.

888 token? Isn't that an existing POS token that surfaced several years ago? I remember holding a coin similar to that, was good profits while staking and getting more returns but when altcoins crashed, that was one of the coins to first die. I don't think TRON based tokens will do any better.

888 is definitiely a chinese created token anyway. Means luck.

HELLOFF

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Recently, I noticed that quite promising coins are being created on the Tron platform that will serve gambling, which even today already shows good results. An example is 888 token or TRONscratch. Apparently thanks to promising companies, the demand for Tron is growing.

_ZeD_

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A 2% increase in price? Was it a joke or are we discussing the cost of oil? Of course the project is strong and very promising, but this price fluctuation is not an indicator of anything.

asrafkhairulazzam22

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not suitable for discussion if only a 2% increase, I think the tron is declining due to a lot of bad news about tron. there is news saying that justin sun was arrested by the Chinese police so many people are afraid of it. however in fact the news is not true.

Vispilio

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It cannot be considered a hike or a rally at all yet because TRX irrationally lost disproportionate value against BTC recently.

It's a very promising project but because of the endless controversies surrounding its eccentric founder Justin Sun, TRX price has been under great pressure, and I consider these current levels to be massively oversold...

3core

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

How can you consider 2.01% an hike ? it's just normal fluctuation that happens regularly. And Tron has been seeing some development lately that could also a be factor to consider.

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Quote from: Spaffin on August 08, 2019, 04:52:38 PM

I am sure that the price of the Tron primarily responds to demand. Now many cryptocurrency users are interested in Tron, since this coin very quickly began to appear on all standard exchanges, and at the same time, this platform occupies a leading position in the gambling market.

Yes, it's true and if you noticed, there are many tokens are now being created within the TRON blockchain, if i am not mistaken, it is the next platform after ETH in terms of token being created within its blockchain.

Tron is a project that I have also seen that will have its way to the top in future, but I am not sure they will still be able to beat Ethereum, it is not even Ethereum that they need to contend with, they need to iron it out with a lot of their other competitors in the market also, don’t forget that Ethereum is not the only one having chain service, we also have some other great projects that are even quite more solid than TRON, and till date, none has successfully been able to perform as much as Ethereum does.

Do you know that it got to a point where Binance was almost more popular than Ethereum? And despite their popularity, they have still not been able to rise above their present position for us to then say they will meet Ethereum. So RON has lots of competitors, and not Ethereum.

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Quote from: Prateek_sharma on August 06, 2019, 03:17:09 AM

Well!! One of the leading cryptocurrency tron continues its best in the crypto market, day by day Tron price is increasing, today tron price has increased up to 2.01%.

What's the reason behind increasing its price?

investors got the interest about the Investment analysis that is the only reason the value is getting up little by little otherwise there is no possibility of development is there in the previous time but right now it had a good time for increasing its value.

sammy21

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Quote from: ?? on ??

Yes, it's true and if you noticed, there are many tokens are now being created within the TRON blockchain, if i am not mistaken, it is the next platform after ETH in terms of token being created within its blockchain.

many? mention it? Tron makes a collaboration with a real platform. while using their blockchain to make tron chain-based tokens is still very far from ethereum. even with BNB I can also say if BNB has a better platform development.

imstillthebest

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Quote from: peter0425 on August 08, 2019, 04:58:31 PM

All coins respond to supply and demand. The question is where is the demand coming?

where do you think it come from ? its from the peoples pocket because they are the one's that buy this coin . we are the reason on why the cryptos has a value .

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Are there fundamentals that makes investors put their money on Tron?

yes there is . tron is a useful kind of crypto and there are now lots of projects ( ex. gambling sites ) that are based on the tron network .

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I think it really boils down to their leader, Justin Sun, lots have been going on with him lately and I think that is one factor why the price can increase more in the future.

yeah i do also notice that recently . justin sun has been on the headlines and i think this is one of the reason for the price hike

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